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Jan 19, 2013
01/13
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CSPAN
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they're working to develop a banking union where banking regulation would be done throughout the euro zone by the ec be or some other agency -- ecb or other agency. that would make the european banking system less dependent on other countries. steps are being taken that i hope will help stabilize that situation. in the emerging markets, you have a variety of different stories. the fundamentals in the emerging markets are pretty good. even if there is moderation of growth in some countries, we are seeing overall a remarkable transformation of places like china and india, which has been the biggest anti-poverty program in history. the growth in those countries has lifted many millions of people out of poverty. the growth will proceed in those areas as well. with each country, each region -- latin america, asia, dealing with different sets of issues. >> i know the our audience has many questions to pose to you. given all of the range of things that we have already discussed, are there 1 or two particular things and keep you up at night? >[laughter] >> we have a dog that is big that sleep
they're working to develop a banking union where banking regulation would be done throughout the euro zone by the ec be or some other agency -- ecb or other agency. that would make the european banking system less dependent on other countries. steps are being taken that i hope will help stabilize that situation. in the emerging markets, you have a variety of different stories. the fundamentals in the emerging markets are pretty good. even if there is moderation of growth in some countries, we...
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be better off outside the troubled union prime minister david cameron has evolved to adopt a clear euro skeptic position to remain in tune with the people my colleague bill dog spoke on this issue totties party boy in london. the e.u. is popularity at a very very low amongst the british public at the moment we just had a poll that asked respondents to grade institutions like in school and the european union got an average grade of a d. plus from the british public that's not very very high now or a more serious note this recent poll it's really marked a tipping point because for the first time in decades the number of people that say that they would vote for britain leaving the european union is the majority of the british public so it's really turning britain turning into a nation of real euro skeptics at the moment and it's not just the result of one poll we've seen things like for example british support for political parties anti european ones like the u.k. independence party it's at an all time high so lots of bad news for pro europeans at the moment so what is the main grudge that
be better off outside the troubled union prime minister david cameron has evolved to adopt a clear euro skeptic position to remain in tune with the people my colleague bill dog spoke on this issue totties party boy in london. the e.u. is popularity at a very very low amongst the british public at the moment we just had a poll that asked respondents to grade institutions like in school and the european union got an average grade of a d. plus from the british public that's not very very high now...
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white house because this really be the case to discuss i'm joined now by peter schiff president of euro pacific capital a great to see there peter so this is a very strong accusation that the president manipulated economic data to win reelection where's the proof. well i mean it would be the first time the government manipulates data but certainly if you look at the weakest quarter of the president's term basically occurring after he was reelected i mean some people might think that's too much a call of a coincidence as specially since you had a big increase i think in government spending in the third quarter that was on wound in the fourth quarter so maybe the government had some leeway in accelerating some of those expenditures to kind of boost the g.d.p. in the third quarter and then we kind of equalized it in the fourth but even if you look at the entire year of two thousand and twelve it's very very weak g.d.p. growth and i actually think talking about manipulation i think the only reason that we had a positive number for g.d.p. in two thousand and twelve is because the government
white house because this really be the case to discuss i'm joined now by peter schiff president of euro pacific capital a great to see there peter so this is a very strong accusation that the president manipulated economic data to win reelection where's the proof. well i mean it would be the first time the government manipulates data but certainly if you look at the weakest quarter of the president's term basically occurring after he was reelected i mean some people might think that's too much...
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Jan 21, 2013
01/13
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FBC
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do i need to be looking at using the yen or the euro for example to do my investments? >> at times yes and at times no. you have to be very careful in terms of when you're picking to invest in the alternative vehicles, investing in the foreign markets. the nikkei has been on fire since, you know, this new regime there in japan has come on board. you know, soaring about 20% over the last couple of months. you know, a lot of talk has always been about china or some of these other emerging markets, your brazils, and so forth. you need to be careful due to the exposure. if you don't want to pick or choose, you can be invested in the markets and then do some things with currencies with us. cheryl: we will do segments and hear someone say well the dollar is the world's currency, that is in jeopardy, the dollar is falling out of favor, how much do you put into that? how much do you worry about that type of thing? >> let's consider how much stimulus we have already provided into the markets and let's really consider that the dollar really hasn't declined that much at all relati
do i need to be looking at using the yen or the euro for example to do my investments? >> at times yes and at times no. you have to be very careful in terms of when you're picking to invest in the alternative vehicles, investing in the foreign markets. the nikkei has been on fire since, you know, this new regime there in japan has come on board. you know, soaring about 20% over the last couple of months. you know, a lot of talk has always been about china or some of these other emerging...
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Jan 21, 2013
01/13
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LINKTV
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euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can better deal with the air traffic and normalize the situa
euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled....
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Jan 22, 2013
01/13
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KCSM
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euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can better deal with the air traffic and normalize the situa
euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled....
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Jan 24, 2013
01/13
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CSPAN2
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consider the extraordinary steps with the euro zone members are taking to keep the euro together, steps which a year ago would have seemed impossible. it does not seem to me that the steps which would be needed to make britain, and others, more comfortable in our relationship with the european union are inherently so outlandish or so unreasonable. and just as i believe that britain should want to remain in the eu, so the european union should want us to stay. because a european union without britain, without one of europe's strongest powers, a country which in many ways invented the single market and which brings real heft to europe's influence on the world stage which plays by the rules, which is a force for liberal economic reform, that would be a very different kind of european union. and it is hard to argue that the eu would not be greatly diminished by britain's departure. let me finish today by saying this. i have no illusions about the scale of the task ahead. i know that there will be those who will say the vision i have outlined will be impossible to achieve. that there's no wa
consider the extraordinary steps with the euro zone members are taking to keep the euro together, steps which a year ago would have seemed impossible. it does not seem to me that the steps which would be needed to make britain, and others, more comfortable in our relationship with the european union are inherently so outlandish or so unreasonable. and just as i believe that britain should want to remain in the eu, so the european union should want us to stay. because a european union without...
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Jan 21, 2013
01/13
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CNBC
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i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing difficult comparatives from the events of the first half of last year and it has some problems to resolved with reebok, its underperforming brand. >> we'll leave it there, then. allegra perry from cantor fitzgerald. potentially maybe richemont stocks on sales. >>> now, the growth mortgage lending figures we were expecting. they showed an increase of 11.7 billion pounds, this compared with 12.7 billion in november. so a deceleration in terms of mortgage lending during the holiday period. current account holdings, that's when the european central banks
i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing...
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as an ally currencies as if bets against the euro saying weakening in the future will bring you the full story later this hour in our business program but here's a preview. russia's gold and currency reserves are asked to meet it at around five hundred billion u.s. dollars that's quite a lot of money which needs protection especially in the times of global economic turbulence right now around forty two percent of the reserves are kept in europe's most of the rest are kept in a u.s. security but according to russia's prime minister this may seem change as russia is working at other currencies and apparently the euro is losing find out more from me is going off in our business bulletin. watch our business bulletin just ahead for you here on our team also coming in the program fighting to stay afloat we take a look at one of britain's oldest local shops that's found a way to fight against superstore expansion and a struggling economy. also could you expect a tanker to cut in front of you at a highway they tales of this road incident in rural russia just a hint. here the reindeer isn't every
as an ally currencies as if bets against the euro saying weakening in the future will bring you the full story later this hour in our business program but here's a preview. russia's gold and currency reserves are asked to meet it at around five hundred billion u.s. dollars that's quite a lot of money which needs protection especially in the times of global economic turbulence right now around forty two percent of the reserves are kept in europe's most of the rest are kept in a u.s. security but...
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Jan 12, 2013
01/13
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LINKTV
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there is a new -- 2.5 billion euros in the next two years. clashes in the northern ireland capital of belfast continue. rocks and bombs were thrown at police who responded with water canyons -- water cannons. the process were against limiting the days been british flag flies outside city hall. there were more than 4000 people on board the costa cord ia when it crashed one year ago. many people are still coping with the trauma of what happened, especially with the wreckage serving as a painful reminder. >> one year from the disaster, the wreckage is still resting in the waters. on january 13, 2012, the cruise liner hit rocks after sailing too close to shore. it was a fatal mistake that the ship's crew told passengers to remain calm. as the ship listed more and more to one side, the 42 men to people started leaving their cabins to reach the would-4200 people started leaving their cabins -- 4200 people started leaving their cabins to reach lifeboats. >> the rescue boats were full. >> it took an hour after the collision for the first passengers t
there is a new -- 2.5 billion euros in the next two years. clashes in the northern ireland capital of belfast continue. rocks and bombs were thrown at police who responded with water canyons -- water cannons. the process were against limiting the days been british flag flies outside city hall. there were more than 4000 people on board the costa cord ia when it crashed one year ago. many people are still coping with the trauma of what happened, especially with the wreckage serving as a painful...
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commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said well they say you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a series of atomized nations so it's really a question of an economic decision that also is a political decision i think there will be it will be difficult to get european nations to move towards fiscal unity it makes sense because if you can play the budget too when country against another you will have speculation different landing rates everywhere but i think the reason why you haven't heard about the euro zone conflict these past weeks is that it is actually doing better and if you look at the stock exchanges in the various european countries euro zone countries you can see that they're shooting right
commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said well they say you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a...
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Jan 28, 2013
01/13
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WJLA
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chance to take part in and not euro parade is a once-in-a-lifetime opportunity. the high school band was preparing for the time in the spotlight. the entry in the inaugural parade was ballou high school in southeast. practiced was paid for by an excited alumni. >> i am very excited. >> this is a good feeling. my first same being in an inauguration parade. this one was special. a great day, right? be excited, to right? >> after breakfast, time to suit up and rehearse. back at ballou high school, they went over the songs and got .heir uniforms lots of anticipation. they finished and headed to the buses. hours later, they made it to destination, pennsylvania avenue. ♪ to any school, it is special not euro parade. for ballou, it has happened twice. -- in an inaugural parade. , it has happened twice. >> they did a great job.
chance to take part in and not euro parade is a once-in-a-lifetime opportunity. the high school band was preparing for the time in the spotlight. the entry in the inaugural parade was ballou high school in southeast. practiced was paid for by an excited alumni. >> i am very excited. >> this is a good feeling. my first same being in an inauguration parade. this one was special. a great day, right? be excited, to right? >> after breakfast, time to suit up and rehearse. back at...
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Jan 21, 2013
01/13
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CNNW
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. >> euro man tick about -- >> are you? you're not. you're pretty -- >> no, i try to operate in a world of facts and -- >> you're a realist, i'm an idealist. i like to imagine a world where, yes, we absolutely can get it done. >> and she will be on the platform with president obama watching tomorrow as we all will. >>> coming up, presidential life in pictures. two former white house photographers capturing some of the most iconic moments of a president's -- we're going to show you remarkable behind the scenes photos and they're going to talk about how they captured them. michelle obama got rave reviews for her inaugural gown last time around. how the first lady's fashion has evolved over the years and what it means to designers in this country. we'll be right back. s® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experi
. >> euro man tick about -- >> are you? you're not. you're pretty -- >> no, i try to operate in a world of facts and -- >> you're a realist, i'm an idealist. i like to imagine a world where, yes, we absolutely can get it done. >> and she will be on the platform with president obama watching tomorrow as we all will. >>> coming up, presidential life in pictures. two former white house photographers capturing some of the most iconic moments of a president's...
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that makes one point two million euro. in colombia gold is highly coveted by the criminal organizations. so in order to avoid an ambush the time and day of the transfer or decided at the last minute made my escape this is the most critical moment and on this side and the gold leaves the factory it up got to be transported to the city of middy in. the in goods or carried away at a run. the soldiers mark out the course. the operation is completed in four minutes. the precious cargo takes off towards middle .
that makes one point two million euro. in colombia gold is highly coveted by the criminal organizations. so in order to avoid an ambush the time and day of the transfer or decided at the last minute made my escape this is the most critical moment and on this side and the gold leaves the factory it up got to be transported to the city of middy in. the in goods or carried away at a run. the soldiers mark out the course. the operation is completed in four minutes. the precious cargo takes off...
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the european union and keep cash and legal decisions at home the prime minister says he'll be fully euro skeptic during his next election campaign. around the world online on satellite this is r.t. within twenty four hours a day live from moscow the us defense act for twenty thirteen is being greeted by harsh criticism from human rights groups after president obama signed the bill into law despite earlier veto threats measure allows the indefinite detention of suspects and backtracks on the closure of guantanamo prison camp the lower extends the restrictions on transferring detainees out of guantanamo for another year despite obama's promise to close it when he first came to power activists say he's failed the first test of his second term allowing the military to indefinitely detain american citizens over terrorism allegations without charge or trial civil liberties groups are pushing forward with a lawsuit against the measure which they insist is unconstitutional activist violent told r.t. that her new law feels like a major threat. i think it's an accident he's my government. supporti
the european union and keep cash and legal decisions at home the prime minister says he'll be fully euro skeptic during his next election campaign. around the world online on satellite this is r.t. within twenty four hours a day live from moscow the us defense act for twenty thirteen is being greeted by harsh criticism from human rights groups after president obama signed the bill into law despite earlier veto threats measure allows the indefinite detention of suspects and backtracks on the...
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economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things happening i mean jordan right now is facing a lot of domestic. people are very upset with the government they are vying for some sort of constitutional monarchy that is more. that addresses more of their social concerns and doesn't for example torture people and and have a police state which is what they essentially have crane is still you know people are still fighting for freedom they're they're they're still out in the streets despite the ban on all demonstrations and protests. which the bahraini government has imposed with american support. but you know we'll have to see i think yemen will con
economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things...
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Jan 21, 2013
01/13
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FBC
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david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a cheap dollar, you are going to have a stronger euro, that's the easy part. the other part is chinese capital is dying to come into europe because china wants to get out of dollars. they are buying gold. we know that. they also want to invest in europe. they want to see the europeans get their act together. europeans do have their act together now that the chinese capital is ready to come in. another support for the euro. >> are you saying that europe is doing everything right? >> europe is the only group that is doing everything right. merkel is the only one who understands economics because she is not an
david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a...
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euro zone cuts the cuts and lifts austerity. but the news of austerity only tightened as deep public sector cuts brought thousands of angry demonstrators to the streets of greece spain italy and portugal. the worst economic crisis of a generation has battered the european union's very foundations exacerbating tensions between member states with some regions now desperately wanting out more grew up in a europe that was divided from east to west. to europe it is divided from the self i've never at any point of the history of this union has there been more discord of rancor that we covered. corporate cash for the campaign coffers as part of the us political clean. no we here for u.k. british quit european union. we found a jury on the soldier appointed u.n. free speech and. instead a song remains a political refugee at ecuador's london embassy where he's been granted asylum he continues to fight extradition to sweden over alleged sex crimes charges that he says are politically motivated and tied to his work in leaking international
euro zone cuts the cuts and lifts austerity. but the news of austerity only tightened as deep public sector cuts brought thousands of angry demonstrators to the streets of greece spain italy and portugal. the worst economic crisis of a generation has battered the european union's very foundations exacerbating tensions between member states with some regions now desperately wanting out more grew up in a europe that was divided from east to west. to europe it is divided from the self i've never...
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Jan 7, 2013
01/13
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LINKTV
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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times of global economic turbulence right now around forty two percent of the reserves are kept in euros most of the rest are kept in the u.s. security but according to russia's prime minister this may seem change as russia is looking at other currencies and apparently the euro is a losing fight or more for me what's going on in our business bottom. watch our business bulletin at six thirty g.m.t. here on r.t. . right the search for survivors of a sunday's a russian fishing boat accident in the sea of japan is still ongoing with at least eight to true members confirmed dead the vessel named chance one o one encountered severe inclement weather but didn't send an s.o.s. signal prior to capsizing there were thirty crewmembers on board including nineteen russians fifteen people have been rescued emergency services are looking for these seven people who remain missing it is not yet known what caused the accident. with some more international news in brief right now reports say militants have attacked an oil pipeline in algeria leaving two people did meanwhile in neighboring mali french led t
times of global economic turbulence right now around forty two percent of the reserves are kept in euros most of the rest are kept in the u.s. security but according to russia's prime minister this may seem change as russia is looking at other currencies and apparently the euro is a losing fight or more for me what's going on in our business bottom. watch our business bulletin at six thirty g.m.t. here on r.t. . right the search for survivors of a sunday's a russian fishing boat accident in the...
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nobody else euro and people talked about the measures now it's driven by a little bit of fiscal cliff optimism we've at least seem to have avoided it for a few months and therefore now people think that hate is to measure in japan are working to some to it actually helps to do extractions on it but the key measures here is really the start of the universe camote that risk almost can evaporate relatively quickly. so the business will today have a fantastic we can stay with us here and i'll take as the danube or so he'll be out with the. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. when i've done your. drug game coming up. the reeling from columbine to sandy hook. a supermodel with. no proof anti-depressants are a sham. from the age of pain docs pumped. in adam lanza pretty much every school shooting in the polls. was on prescription drugs on antidepressants k
nobody else euro and people talked about the measures now it's driven by a little bit of fiscal cliff optimism we've at least seem to have avoided it for a few months and therefore now people think that hate is to measure in japan are working to some to it actually helps to do extractions on it but the key measures here is really the start of the universe camote that risk almost can evaporate relatively quickly. so the business will today have a fantastic we can stay with us here and i'll take...
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he's using euro skeptic language to pursue a euro agenda in this speech is happening because of the rise of you and the rise of us give us led me for a massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country and that's what he's responding to but the reality of what he says if you read the subtext is that the e.u. is very good for us but it serves our interests and i will promise i promise god to do my best over the next five years to do everything i can to keep britain a member of that you've made this issue is a key constitutional issue it isn't even about economics it's about who governs britain it's about i'll be independent nation as a democracy and determine their own future or not a classic scare tactics always employed by the status quo whether they're defending slavery or the cold laws or e.u. membership three million british jobs will be lost if we left the european union really europe is aging europe as a percentage of the world economy is now below a fifth and falling quite sharply it is gripped by eurozone crisis
he's using euro skeptic language to pursue a euro agenda in this speech is happening because of the rise of you and the rise of us give us led me for a massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country and that's what he's responding to but the reality of what he says if you read the subtext is that the e.u. is very good for us but it serves our interests and i will promise i promise god to do my best over the next five years...
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Jan 8, 2013
01/13
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KCSM
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 28, 2013
01/13
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KICU
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it used to be, the euro rallies, gold rallies; the euro falls, gold falls. now, as we come in this morning, the euro has been up, up, up. gold is getting hammered. i think it shows how much weakness is in gold, and how the euro bank situation is really strengthening. > thank you mark. > > thank you. the tumultuous tenure of treasury secretary timothy geithner began in the bleakest economic times since the great depression. in our cover story, a look at whether the policies under his watch improved things or left taxpayers more vulnerable than ever. the economy is not in free-fall, nor are the markets frozen, as many describe the financial crisis timothy geithner faced when he became treasury secretary as president obama was sworn into office the first time. finance professor dale rosenthal says government- directed taxpayer bailouts helped stabilize the economy. "instead of a big drop, we saw a softer landing but a longer recovery." under secretary geithner, the treasury department participated in bank bailouts despite risky gambles that led to the subprime
it used to be, the euro rallies, gold rallies; the euro falls, gold falls. now, as we come in this morning, the euro has been up, up, up. gold is getting hammered. i think it shows how much weakness is in gold, and how the euro bank situation is really strengthening. > thank you mark. > > thank you. the tumultuous tenure of treasury secretary timothy geithner began in the bleakest economic times since the great depression. in our cover story, a look at whether the policies under his...
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dollar and the euro that. and gas problem will pile further costs into the south stream project by expanding its pipelines to take gas to south stream europe and bypassing transit countries ukraine and belarus now russia's gas giant will add nearly seventy billion dollars which makes the projected total a staggering thirty eight point four billion dollars and the pipeline is already thought to be an unnecessary expense by some of us who question whether south stream is needed giving the flagging demand for russian gas in the most lucrative market europe russia's response is that is needed in order to diversify supply routes to the european union after disputes with ukraine led to cut offs for parts of europe back in two thousand and six two thousand and nine which was a major blow for both parties considering russia supplies around a quarter of europe's gas needs in total. moving on then cyprus is counting on european union leaders to allow russia to support the struggling economy now the country's prime minis
dollar and the euro that. and gas problem will pile further costs into the south stream project by expanding its pipelines to take gas to south stream europe and bypassing transit countries ukraine and belarus now russia's gas giant will add nearly seventy billion dollars which makes the projected total a staggering thirty eight point four billion dollars and the pipeline is already thought to be an unnecessary expense by some of us who question whether south stream is needed giving the...
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and other currencies edging its bets against the euro zone weakening in the future will bring you the full story later today in our business program here's a preview. holding currency reserves are estimated at around five hundred billion u.s. dollars that's quite a lot of money which means production especially in the times of global economic turbulence right now around forty two percent of the reserves are kept in europe most of the rest are kept in the u.s. security but that wouldn't work for the prime minister this may soon change as russia is looking at other currencies and apparently the euro is a losing fight all the more from the school of you know our business schools. you can watch that business bulletin at six thirty g.m.t. right here on our. and the search for survivors of sunday's russian fishing boat accident in the sea of japan is still ongoing with at least eight crewmembers confirmed dead the vessel named chance when a one encountered inclement weather but didn't send an s.o.s. signal prior to capsizing there were thirty crewmembers on board including one thousand russ
and other currencies edging its bets against the euro zone weakening in the future will bring you the full story later today in our business program here's a preview. holding currency reserves are estimated at around five hundred billion u.s. dollars that's quite a lot of money which means production especially in the times of global economic turbulence right now around forty two percent of the reserves are kept in europe most of the rest are kept in the u.s. security but that wouldn't work for...
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that's interesting let's talk more about that how do you see attempts to save the euro folding out so many people have been saying this is the beginning of the end of the euro when are we going to see the end well you're right in the netherlands where i am active as a writer i've called for a referendum to be organized what we see is that there's a political elite in all of europe determined to see this through to the bitter end all major political parties support the idea of the euro whereas it's becoming more and more clear that it's not working very well so what we really need is a plan b. a backup scenario and an organized dismantlement but let's look specifically at france in terms of the euro and a possible collapse what would it mean for france's economy. well. they're basically two scenarios of dismantlement of the euro the first is disorderly doing this mentum and that would be very problematic and the other option is an orderly dismantlement and this doesn't look that bad ever been produced through reports by a prominent economists not so long ago by the wolfson prices being
that's interesting let's talk more about that how do you see attempts to save the euro folding out so many people have been saying this is the beginning of the end of the euro when are we going to see the end well you're right in the netherlands where i am active as a writer i've called for a referendum to be organized what we see is that there's a political elite in all of europe determined to see this through to the bitter end all major political parties support the idea of the euro whereas...
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Jan 22, 2013
01/13
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CNBC
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. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one ratio of decliner toes advancers. the ftse d
. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s....
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Jan 22, 2013
01/13
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we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness. it beat 44 models introduced last year, including vehicles by south korea's kindai. they recently began shipping cars from the u.s. to south korea. our free trade agreement between the countries have slashed terrorist. >> honda and other japanese automakers have also increased ship makers from the u.s. to south korea. south korea is continuing to buy cars for their friendly technology. and that's the news on business. here's a check on markets. >>> part of a rocket launched by north korea in december made by china could influence the u.n. security c
we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness....
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and staying with the currency markets russia may soon be dumping the euro the government has announced plans to review its foreign currency reserves you know gold piece going off as more russia's gold and currency reserves are estimated at around five hundred billion euros dollars it's quite a basket this needs protection especially in times of global economic turbulence right now around forty two percent of reserves are held in the euro denominated assets while the rest are mostly in u.s. but according to the prime minister the moscow is now considering swapping a part of its europe reserves for equities in other currents so when we see the usual bass decrease and other currencies enter the steaming the chinese yuan or even the russian ruble this could be a troubling signal for the euro especially if other currencies follow the trend like china which holds a quarter of its deserves in europe that's around eight hundred billion us dollars you can imagine the importance of these investments and what could happen if a domino effect takes place. i've got a piece going off reporting for us
and staying with the currency markets russia may soon be dumping the euro the government has announced plans to review its foreign currency reserves you know gold piece going off as more russia's gold and currency reserves are estimated at around five hundred billion euros dollars it's quite a basket this needs protection especially in times of global economic turbulence right now around forty two percent of reserves are held in the euro denominated assets while the rest are mostly in u.s. but...
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Jan 22, 2013
01/13
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renaissance hotel where we are waiting for vice- president joe biden and joe biden and the salute to euros ball. while we wait for vice president biden, we will take you back to the west front early today and the oval office for president obama. >> please raise your right hand and repeat after me. i do solemnly swear that i will faithfully execute the office of the president of the united states. and will, to the best of my ability, preserve, protect, and defend the constitution of the united states so help you got it. congratulations, mr. president. ♪ >> president obama from early today, the of the office said minister yesterday on the twentieth as mandated by the constitution. in just a couple of ads, we expect to hear from vice- president joe biden. it is the first of a couple of stops for the vice president. president obama will have a couple of stocks this evening. the commander-in-chief and the inaugural ball over at the washington d.c. convention center which is in nearby washington. we shall use wearing in from the president this morning. all of this is available at the video lib
renaissance hotel where we are waiting for vice- president joe biden and joe biden and the salute to euros ball. while we wait for vice president biden, we will take you back to the west front early today and the oval office for president obama. >> please raise your right hand and repeat after me. i do solemnly swear that i will faithfully execute the office of the president of the united states. and will, to the best of my ability, preserve, protect, and defend the constitution of the...
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you can see just there against the euro and indeed the u.s. dollar up. moving on those are the markets we will crack on gas problem will pile further costs into the south stream project by expanding its partners to take gas to south eastern europe bypassing transit countries ukraine and belarus and russia's gas giant nearly seventeen billion dollars which makes the projected toto a staggering thirty eight point four billion dollars the pipeline is already thought to be an unnecessary expense by some analysts who questioned whether south stream is needed given the flagging demand for russian gas in the most lucrative market which of course is europe now russia's response is that the south stream is needed in order to diversify supply routes to the european union all of the disputes we've ukraine led to cut off for part of europe back in two thousand and six and two thousand and nine which was a major blow for both parties considering russia supplies around a quarter of europe's gas me. moving on cyprus is counting on european union leaders to allow russia
you can see just there against the euro and indeed the u.s. dollar up. moving on those are the markets we will crack on gas problem will pile further costs into the south stream project by expanding its partners to take gas to south eastern europe bypassing transit countries ukraine and belarus and russia's gas giant nearly seventeen billion dollars which makes the projected toto a staggering thirty eight point four billion dollars the pipeline is already thought to be an unnecessary expense by...
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Jan 10, 2013
01/13
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CNBC
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david, how is the euro? >> last year we had euro/dollar going to 1.35. it ended around 1.32. but this year we have a pretty boring forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is coming out of the market. >> yeah. it appears to be the case. and we have something to watch today in spain, as well. it's the first bond auction of the year for the al beeran company. the treasury is slashing the debt market up to 5 billion euros since 2013. lloyd's expects a positive results with the first take up. it will be the first issue to feature a collective action clause, designed to make it easier for the government to restructure debt in the case of future crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood h
david, how is the euro? >> last year we had euro/dollar going to 1.35. it ended around 1.32. but this year we have a pretty boring forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is...
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Jan 2, 2013
01/13
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CNBC
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>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings agencies. i'm not sure the u.k. can to the same extent. >> if you're saying there's a yield story there and you want a relative safe haven, then guilds are 1.9%, better than, you know, other things yielding less. >> yes. >> if you want that relative security. >> and we have relatively higher rates. we will continue to have some. when i go to investors about sterling in london, i can talk to private banks all over the west end who have wealthy individuals looking to "fast money" into the pound. and shows who want to go to the pound because i think the credit rating's out
>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings...
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guess what, the euro hit the world stage. you remember this? eleven european countries can together to create the world's second largest economy with nearly 300 million consumers. it closed at a dollar. did not stay that way. the euro consists of eigt. and silver paper bills with $0.77 for every dollar. currencies replaced by the euro include the french franc, italian lira, and the german deutsche mark. for those of you curious, it was not accepted until two years later because it failed to meet all the required conditions like being solvent. they probably should have read thought that decision entirely. made its debut on the stay in business january the fourth 13 years ago today. the investors sick of other people making decisions for them they stop believing in mutual funds. the truth behind these next. ♪ gerri: a good day for your retirement. the s&p 500 closing today at its highest level in five years, five years. just before the financial crisis hit. the indexes also up more than fo and a half% of the past week. the mrket's extended the
guess what, the euro hit the world stage. you remember this? eleven european countries can together to create the world's second largest economy with nearly 300 million consumers. it closed at a dollar. did not stay that way. the euro consists of eigt. and silver paper bills with $0.77 for every dollar. currencies replaced by the euro include the french franc, italian lira, and the german deutsche mark. for those of you curious, it was not accepted until two years later because it failed to...